IBAT News

Congressman Charlie Gonzalez Retiring


Congressman Charlie Gonzalez of Texas’s 20th Congressional District announced his retirement last week, following fourteen years in the U.S. House of Representatives and fifty consecutive years in which the district has been held by a member of the Gonzalez family.  

“Congressman Gonzalez has been a great advocate for and friend of Texas Community banks,” said IBAT President and CEO Chris Williston.  “We’re sorry to see him go but wish him well in his new life after public service” he added.

In a statement released over the weekend, House Minority Leader Nancy Pelosi praised Gonzalez, calling him ”a dynamic leader and a strategic legislator [who] brought substantial judicial experience and represented his hometown of San Antonio admirably.”

State Representative Joaquin Castro has announced his plan to run for the vacated 20th District.

Bank of the Week: Alliance Bank


Congratulations to Alliance Bank on receiving a Gold Eagle in the 20th Annual Best of Community Banking Awards sponsored by the Independent Bankers Association of Texas (IBAT).  Jake Caddell was on hand to accept the award presented during the annual IBAT Convention.

The Sulphur Springs bank was recognized in the Marketing category for a campaign tied to convenience banking.

Targeting existing and future customers, the bank began with a check card campaign that included lobby displays, print and radio support and expanded the campaign to social media with a Facebook IPAD2 sweepstakes and broad based e-statement campaign that included QR codes, statement stuffers, electronic message boards and Internet landing pages.

The annual awards recognize IBAT member institutions in several categories for service to their communities.  Winners are judged on innovation and creativity, number of people benefited or affected and the success in fulfilling a community need.

Elmquist Named FDIC Regional Director


The FDIC last week named Kristie Elmquist as Regional Director for the Dallas Regional Office.

Kristie has been acting in this position since March of 2010.  Formerly, she served as Deputy Regional Director in Dallas for Risk Management in 2008.  Kristie holds commissions in both Risk Management and Compliance, has served the Corporation in Dallas, New York, Kansas City and in the Washington Office.  During her 22 year FDIC career, she has held several management positions, including Acting Associate Director for Compliance Examination Support, Assistant Regional Director, Corporate University Chair for Consumer Protection and Risk Management, and Field Supervisor. 

IBAT congratulates Kristie on her promotion, and appreciates her ongoing “open door” policy on issues important to community banking.  

Drawing Lines In The Sand


When a particular article or blog catches our eye, we like to bring it to your attention.  Kevin Funnell, a banking  attorney in Frisco, has a regular blog that is to the point, witty and insightful . . . and in many cases acerbic.  In a recent blog, “Drawing Lines in the Sand”, he provides an interesting take on community banking’s continuing quest to seek real legislative fixes for some of the challenges we face, and the role of the national trade groups in that ongoing saga.  It’s worth your two minutes in our assessment.

Four Ideas for the Financial System


IBAT's goal is to provide a diversity of opinions and viewpoints
about national banking news.  Some news articles do not necessarily
reflect the opinion of the Independent Bankers Association of Texas.

By Barbara A. Rehm
NOV 16, 2011

Regulators implementing the Dodd-Frank Act are writing massive, complicated rules that corporations will maneuver to exploit and federal examiners will struggle to enforce.

There has to be a better way, right? The answer is clear: we need to engage in some clean-slate thinking about fundamental issues like bank funding and capital.

Here are a few ideas.

Change the tax code... read more.


You can read American Banker for free through IBAT's subscription program. Click here to learn more.

Employment Practices Liability


Travelers

TRAVELERS PRESENTS: 

EMPLOYMENT PRACTICES LIABILITY
The Laws and The Claims Process

Wednesday, December 7, 2011
10:00 a.m. CST

It’s embarrassing when you’re faced with allegations of sexual harassment or discrimination or any other employee related action.   But one of the worst things you could do is try to handle it yourself.  You should always turn to your insurance carrier on these matters and the sooner the better.

Join Travelers and IBAT Financial Services in a webinar that discusses the laws that direct employment practices issues, basics of the EPL policy and details of the claims process and it’s importance.

HOW DO I REGISTER?
Simply click here and follow the instructions. 
The webinar details will be e-mailed to you.

IBAT FS

Financial Reporting


IBAT's goal is to provide a diversity of opinions and viewpoints
about national banking news.  Some news articles do not necessarily
reflect the opinion of the Independent Bankers Association of Texas.

Bankers Digest Featured Articles
November 21, 2011 Issue
Adam McCane, CPA, Weaver LLP

Credit Quality Information

In July 2010, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU or Standards) 2010-20 titled “Disclosures about the Credit Quality of Financing Receivables and the Allowance for Credit Losses.” For non-public banks, these disclosures are effective for reporting periods ending on or after December 15, 2011. The publicly held banks began disclosing this information for reporting periods ending on or after December 15, 2010... read more.

Bank of the Week: LegacyTexas Bank


IBAT's goal is to provide a diversity of opinions and viewpoints
about national banking news.  Some news articles do not necessarily
reflect the opinion of the Independent Bankers Association of Texas.

By Kelley Chambers
Published: Wednesday, November 2, 2011

LegacyTexas Bank is making it easy for people in Collin County to give back to deployed Texas troops in a personal way this Veterans Day.

Collection boxes will be set up at all 19 local bank locations through Nov. 12 encouraging residents to drop off items for care packages that will be sent to troops who have been deployed from Texas military bases. The effort is part of A Lone Star Salute, the bank's annual Veterans Day initiative focused on celebrating freedom and honoring those who defend it... read more.

Need Help Reaching Gen Y?


Did you know… that Baby Boomers are now outnumbered by “Millenials” or “Generation Y” (aged 18-33) in the marketplace?  The 2010 census found that there are 79.8 million members of Generation Y, versus the 78.5 million boomers.  

Gen Y thinks differently, works differently and communicates differently.  Do you think they might be looking to bank differently as well?  As hard as Gen Y is to understand, community banks must take them into consideration when developing new products and services.  

If you’re looking for ideas about how your bank can expand its reach to Generation Y, then TechMecca 2012 is a conference for your marketing team!  IBAT is proud to feature Jason Dorsey, CEO/Director of the Center for Generational Kinetics at TM12.  Check out Jason’s recent appearance on the CBS Morning Show.

TM 12 will also feature critical information on fraud, compliance, operational risks, mobile banking, security project management, technology trends and enterprise risk.    

Want to register?

TechMecca 2012 will include 100 booths to help you stay abreast of the current technologies and trends. Included in the brochure is a roster of exhibitors along with an agenda for the conference.

We have streamlined the conference to two days and streamlined the pricing to benefit multiple registrations from each bank -- $595 for the first attendee and two additional registrants.  THAT IS 3 ATTENDEES FOR THE PRICE OF ONE!

We invite you to enroll today by going to our website.

IBAT Endorsed Provider Diebold News


Diebold, IBAT's Endorsed Service Provider, has been named the 2011 Systems Integrator of the Year by SDM Magazine for demonstrating superior innovation, notable accomplishments and exemplary success in delivering the next generation of security solutions and services, as well as transforming systems integration.

Diebold's innovation in security services offers customers strategic, sustainable, accessible and affordable security solutions. In addition, Diebold's integration capabilities bring together elements of an organization's security operations and help incorporate security into the rest of the organization's enterprise. The company's systems integration services encompass the design, installation, monitoring and servicing of even the most complex security systems to provide end users with a single source for all of their security needs. Read more.

Rename the Texas Ratio?


IBAT's goal is to provide a diversity of opinions and viewpoints
about national banking news.  Some news articles do not necessarily
reflect the opinion of the Independent Bankers Association of Texas.


American Banker
By Thomas F. Siems
NOV 3, 2011

By many economic measures, Texas currently stands atop the other forty-nine states as a beacon of success.

Through September, Texas has added more than one-third of the nation’s net new jobs since the national recovery began in mid-2009. Texas’ share of total U.S. exports is more than 17%, far and away the highest percentage among the fifty states. And Texas is the No. 1 producer of oil and gas in the nation, with about 45% of all active drilling rigs... read more.


You can read American Banker for free through IBAT's subscription program. Click here to learn more.

Statute of Limitations


IBAT's goal is to provide a diversity of opinions and viewpoints
about national banking news.  Some news articles do not necessarily
reflect the opinion of the Independent Bankers Association of Texas.


Bankers Digest Featured Articles
November 7, 2011 Issue
Source: “One Court of Justice Blog,” Warner Norcross & Judd, Appellate Group Practice

In Estate of Thelma L. DeGoede, by Vella Trader v Comerica Bank, f/k/a Industry State Bank & Trust Company, No. 296129, the State of Michigan Court of Appeals held that the statute of limitations did not bar a plaintiff’s claim against a bank for failing to honor three certificates of deposit (CDs), reasoning that “the statute of limitations does not begin to run until a demand for payment has been made” and rejecting the defendant’s argument that the statute of limitations begins to run when a CD matures. The publication date of the case is June 30, 2011... read more.

Out & About With Our Members


Steve Stapp, CEO & President of R Bank in Round Rock, welcomes Carol Troy, IBAT Financial Services’ Agency Manager to the bank’s 3rd Annual Customer Appreciation Festival (in photo). The bank was open for business and the gracious staff was offering food, drink, games, drawings and prizes for all ages!   It was community banking at its best!

Stapp is a 30+ year banking veteran who believes that it is vital to support the local community and its economy in every way possible.  R bankers have more than 130 years of combined experience in community banking.  The bank employs technology that provides state of the art banking experience in a relaxed environment.  Stapp emphasizes that this culture encourages the staff to spend more time getting to know their customers and less time processing transactions.

R Bank was created by a group of experienced businessmen and bankers who want to provide the kind of personal banking relationships and service that they have found in the community banks they have been associated with or have done business with in the past.  

About R Bank…
Hall of Fame pitcher Nolan Ryan and investment firm founder Don Sanders, co principal owners of the Round Rock Express triple-A baseball team opened in June 2009 with $12 million in capital.  Don Sanders and his sons, Bret Sanders and Brad Sanders are among R Bank’s organizers and investors.

Ryan, known equally for his savvy business skills and is 100-mph fastball during his record 27-year Major League Baseball career, is also an R Bank organizer and director along with his sons Reid Ryan and Reese Ryan, who is also the bank’s board chairman.

The four sons spent most of the 1980s spent considerable time in the Houston Astros clubhouse due to their fathers’ connections to the team… so, this isn’t the first inning for the Ryan and Sanders families in the banking sector.  Both family patriarchs and their sons were involved in previous banking ventures in the Austin and Houston area.

IBAT Member Pilgrim Bank 100 Year Anniversary


Pilgrim Bank was originally chartered as First Guaranty State Bank of Pittsburg, in Camp County, Texas on April 11, 1911, with total assets of $83 thousand. The bank became First State Bank in 1925 and purchased the First National Bank of Newsome the following year. Surviving World War I, the stock market crash and The Great Depression, the bank stood strong at $360 thousand in assets in December 1939.

the franchise grows...

Downtown Pittsburg remained the home of this small community bank as many men and women served their country during World War ResolutionII. The war ended in 1945 and a small egg and poultry business, Pilgrim's Pride, in neighboring Pine, Texas, began to grow... In 1969, Lonnie "Bo" Pilgrim purchased the bank, becoming Chairman of the Board. As the poultry company and northeast Texas communities grew, so did the bank.  The first 24- Hour Automatic Teller Machine (ATM) in Camp County was installed at the newly remodeled bank downtown, boasting five motor bank lanes, one commercial lane and a walk-up window in the motor bank lobby. By 1984, assets had exceeded $41 million.

NETEX Bancorporation, a one-bank holding company, was established in 1993 and acquired 100% ownership of First State Bank. With approximately 100 shareholders in the holding company, Lonnie "Bo" Pilgrim was and remains the principal shareholder. The First State Bank name was changed to Pilgrim Bank in March 1997, breaking away from the traditional generic names in the banking industry. A milestone for the bank was reached in June 1997, when Pilgrim Bank built and opened its first branch located in neighboring Mt. Pleasant, Texas.

a century of history in the making...

A legacy 3 story building  was completed in 1998 in Mt. Pleasant, becoming the corporate headquarters for the 7 branch company. Pilgrim Bank centers dot the Texas landscape with locations in 5 county seats across this great state. From the Piney Woods of Northeast Texas in the towns of Pittsburg, Mt. Pleasant and Sulphur Springs, to the West Texas towns of Wellington and Clarendon, every banking center has a personality of its own. Each has been designed with the community, customers and their lifestyles in mind... From hitching posts at Clarendon, saluting a time honored way of life in the panhandle, to the very cool stop downtown Pittsburg inside our Cyber Café. Customers can grab a cup of java and check their email and surf the Internet on our Café computers or step around the corner to our tranquil water feature.  And while you're there, you'll want to walk across the street and sign the guest book inside the magnificent Prayer Tower at Witness Park - a favorite place for weddings!  Or bring your kids with you to our Mt. Pleasant south location and let them watch a movie inside our KIDZ Bank while you chat with your banker.  Our "Personality-Plus!" bankers at Brookshire's grocery store just make banking fun! This is our newest banking center and we always have something going on that's "outside the box"!  So, no need to make an extra trip to the bank, just "Bank where you Shop" on your next milk and bread run. And, enjoy Summer-Fun Theme Weeks with us or simply enjoy the convenience of having a banking center that stays open until 7PM on weekdays, the latest banking hours in the county...

commitment. community. celebration.
celebrating 100 years of service.
Pilgrim Bank 100 Year Celebration Events
November 10th in Historic Downtown Pittsburg...

Bank Transfer Day Continues


IBAT's goal is to provide a diversity of opinions and viewpoints
about national banking news.  Some news articles do not necessarily
reflect the opinion of the Independent Bankers Association of Texas.


American Banker
By Rachel Witkowski
NOV 4, 2011

Community banks and credit unions plan to keep pushing promotions in coming weeks as a way of maintaining momentum after Bank Transfer Day... read more.


You can read American Banker for free through IBAT's subscription program. Click here to learn more.

Making a Difference Winner Liz May


It all started in 1943 during the war to end all wars. Gasoline was 15 cents a gallon. A new house was $3,600 and a new car costs $900.

Elizabeth May accepted a job working at the local bank in Bonham on February 1, 1943. And, she‟s still working there 68 years later, opening the doors each day and welcoming everyone who enters with a contagious smile known throughout Bonham and beyond... read more.

Nationwide Emergency Alert System


The first nationwide test of the Emergency Alert System (EAS) will be broadcast on Wednesday, Nov. 9, at 1 p.m. (CST). Conducted by the U.S. Department of Homeland Security's Federal Emergency Management Agency and the Federal Communications Commission, the test should last approximately three minutes and will interrupt broadcast programming. The public should hear or see a message indicating "This is a test." The EAS is a public alert and warning system that allows local, state and federal emergency officials, and even the President if necessary, to address the public during extreme emergencies. The nationwide test is expected to be similar to frequently conducted local tests, but will be initiated by the federal government simultaneously to all local radio, television, cable and satellite service providers in the United States. Emergency officials encourage the public not to make calls to their local 9-1-1 service for information about the test as too many such calls could result in a delayed response to a real emergency. For more information in the nationwide test and the EAS, click here.

IBAT Chairman's Award


A former IBAT chairman who led the fight for community bankers against the Washington bureaucracy was honored with the coveted Chairman’s Award during ceremonies at the 37th Annual Convention of the Independent Bankers Association of Texas (IBAT).

Cliff McCauley, senior executive vice president of Frost Bank in San Antonio, was honored by 2011 IBAT Chairman David Williams of HCSB-Kerrville for his above and beyond service to the industry in the wake of the Federal Reserve Board’s ruling to repeal Regulation Q, a 70-plus year limitation on the payment of interest in business checking accounts... read more.

TechMecca 2012 Registration Open


Are you confident in answering these questions? 
  1. Are your customers satisfied with your online and mobile banking capabilities?
  2. Are you meeting the demands of Web 2.0 and social media?
  3. Are your systems secure from the latest hacker’s scheme for data?
  4. If your bank is hit with a technology disaster are you prepared?

If you CANNOT say YES to the above questions, then TechMecca 2012 is a conference you and your operations, IT, and compliance officers can’t afford to miss.  TM12 will be held January 23-24 at the Sheraton Hotel Dallas, TX.  

There are concurrent sessions dealing with marketing, fraud, compliance, operational risks, mobile banking, security, project management, and technology trends, and an enterprise risk management panel.

The exhibit hall will have over 100 booths to help you stay abreast of the current technologies and trends.  Included in the brochure is a roster of exhibitors along with an agenda for the conference.

We have streamlined the conference to two days; we have also streamlined the pricing to benefit multiple registrations from each bank -- $595 for the first attendee and two additional registrants.  THAT IS 3 ATTENDEES FOR THE PRICE OF ONE!

We invite you to enroll today by going to our website.

Help make this the best TechMecca IBAT has ever offered to its members.

IBAT President's Award


Dennis Schwartz of McKinney has been honored by the largest community bankers association in the nation with the 2011 President’s Award, signifying exemplary service and promotion of the Independent Bankers Association of Texas (IBAT).

Schwartz is founder of Schwartz & Associates real estate law, specializing in residential loan document preparation for mortgage lenders. Under his leadership, his company developed DocsDirect Online, a Web-based mortgage document solution that offers the flexibility needed to handle the array or lender channels and loan programs offered by their clients... read more.

IBAT Banker in the News


IBAT's goal is to provide a diversity of opinions and viewpoints
about national banking news.  Some news articles do not necessarily
reflect the opinion of the Independent Bankers Association of Texas.

The Graham Leader
Gober elected to influential position

by Cherry Rushin
Posted 10/25/2011

One of Graham’s own has been honored with a key leadership position within his industry.

Jay Gober, president of First State Bank, has been elected vice chairman of the Independent Bankers Association of Texas. For the next four years, he will serve as vice chairman, then chairman elect, chairman and past chairman on the IBAT executive committee... read more.

Bank Transfer Day


IBAT's goal is to provide a diversity of opinions and viewpoints
about national banking news.  Some news articles do not necessarily
reflect the opinion of the Independent Bankers Association of Texas.

(CBS News)
November 2, 2011

Molly Katchpole, of Washington, D.C., is 22, working two part-time jobs, and living paycheck-to-paycheck.

She didn't need another fee on her bank account.

So shortly after her bank -- Bank of America -- announced last month that it was imposing a $5 fee for making as little as one debit card purchase per month, she took to the Internet in protest.

"It just kind of really bothered me," Katchpole said on "The Early Show." "I knew that other people would feel the same way. So I went to Change.org, I started the petition, and I knew it would catch fire, and it did" ... read more.

*Correction: Bank Transfer Day story
Posted: Nov 6, 2011 3:13 PM
Updated: Nov 6, 2011 3:15 PM

NEW YORK (AP) In a Nov. 4 story about Bank Transfer Day, The Associated Press erroneously reported that the founder of an online petition against Bank of America's $5 debit card fee, Molly Katchpole, had opened an account at a credit union. Katchpole said she opened a new account at a community bank.

Commissioner Cooper Letter On NRA Issue


As discussed in past issues, IBAT has been actively involved in fighting any efforts to require reporting of interest earned on non-resident alien accounts dating back some ten years.  A hearing on this issue was held last week in the U.S. House Financial Institutions Subcommittee.  Commissioner Charles Cooper weighed in prior to the hearing with an outstanding letter.  We are appreciative of his efforts on this and a number of other issues to maintain the competitive standing of state-chartered and community banks.

Bank Transaction Tax


We published a blurb on H.R. 4646 in the September 28, 2010 edition of The Bottom Line. However, we have noticed a recent uptick in the number of inquiries regarding it.  For those of you who don’t know, H.R. 4646 is a proposed 1% financial transactions tax purportedly recommended by the Obama Administration.

Here's an update:  H.R. 4646 was filed by Rep. Chaka Fattah (D – PA) in February of 2010, but it was cleared from the books at the end of the 111th Session of Congress along with all other bills that didn’t pass during that session.  However, there is an active bill in the 112th Session, H.R. 1125, that was filed by Rep. Fattah.  H.R. 1125 is simply H.R. 4646 reintroduced in the new legislative session. It would tax most financial transactions (paid by check, debit/credit card or cash) at a 1% rate, with rebates to those making less than $125,000 per year.  The revenue generated would reportedly pay off the national debt and allow for a phase out of the individual federal income tax.  The bill was referred to several jurisdictional committees, but has not had a hearing and does not have a single co-sponsor.  In fact, the last action on the bill was on March 16, 2011 (the day it was filed) when it was referred to the House Appropriations Committee.

The chance of this bill being considered by Congress is slim at best.  And to dispel the ongoing Internet myth about President Obama:  There is absolutely no indication that anyone in the Obama Administration thinks this is a good idea.  

Please feel free to copy and paste when your customers or friends inquire about the “sky is falling” emails that seem to come back to life every few months.  

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